Ensure your horse is adequately protected when you’re out on the road. An excellent equine liability insurance policy can help you cover expenses and damages, including medical costs, in the event of injury or death. In addition, this insurance can be a great way to protect your investment and reputation.
General liability
Whether you are a horse owner, show organizer, or professional equestrian, you should have general liability coverage. Public liability insurance covers bodily injury and property damage and can also pay for defense costs when allegations are made against you.
A general liability policy typically does not cover physical damage to the insured’s property when it is in the insured’s care. However, a “care, custody, and control” policy covers damage to horses in the insured’s care.
An equine CCC policy will pay for injured horses’ medical care and replacement. This coverage is beneficial if you have non-owned horses in regular maintenance.
There is a wide variety of equine insurance products available from specialty insurers. In addition, many companies offer extra coverage in addition to a CCC policy. For example, the Farm Family offers an optional endorsement.
An equine CCC can also include an SFP 10(r) policy, providing primary medical coverage for a horse. The SFP 10(r) will also cover your equine equipment. Some companies will also offer savings by attaching a deductible to their liability coverage.
Commercial equine liability
Regardless of whether you own a horse or work for a horse farm, it is essential to have equine liability insurance. Not only can it protect you, but it can also help protect your customers. This type of insurance is perfect for various activities, such as breeding, racing, and professionally training horses.
Equine liability insurance will cover your legal liability for bodily injury or property damage resulting from an incident. Your policy may also cover your defense costs. You can also get coverage for most of your horse’s medical needs.
Some insurance companies offer a discount by attaching deductibles to liability coverage. They may also require riders to wear a helmet. You may also need to post signs or rules in your barn.
Some equine liability insurance companies also offer a “floater” that covers your equipment, tools, and supplies when transported from one location to another. This coverage can be purchased as a stand-alone or an endorsement of a general liability policy.
Director’s & officers’ liability
Whether you own a horse or run an equine enterprise, you must protect yourself with equine liability insurance. In addition, if you are a director or officer, you need a policy that protects you from various exposures, including fraud, breach of fiduciary duty, and breach of duty of care.
Director’s & officers’ liability insurance is a policy designed to protect corporate officers and directors from lawsuits. This type of insurance is essential to any business with a board of directors. It provides coverage for legal costs and defense expenses resulting from lawsuits and regulatory investigations.
D&O insurance plans come in many forms but always have critical characteristics. They cover directors, officers, and the company’s assets. They are designed to protect you against lawsuits brought against you by shareholders, employees, customers, and regulators.
Extend equine mortality insurance
Purchasing an Equine Mortality Insurance Policy can be crucial in protecting your investment in a horse. When you buy this policy, you’ll be protected against losses by death from sickness, accident, and fire. It can also include theft coverage. In addition, the benefits are generous, and the deductibles are reasonable.
Depending on your horse’s age, you can purchase a policy that will extend the duration of your policy. This type of coverage can last up to twelve months after the expiration of your policy. However, you may have to fill out additional forms to ensure the procedure continues to cover your horse.
Major Medical/Surgical coverage is a horse insurance policy that pays for unexpected veterinarian expenses. Horses are eligible for this coverage from 6 months to 18 years of age. Depending on the coverage, the deductible may range from $500 to $1,000.